Thames Water, Creditors Offer Pimco a Compromise on New Debt
Thames Water and some of its creditors have offered Pacific Investment Management Co. a compromise in exchange for the asset manager’s endorsement of a deal to raise £2.4 billion ($3.2...
By Irene García Pérez and Giulia Morpurgo · Bloomberg Markets
Thames Water and some of its creditors have offered Pacific Investment Management Co. a compromise in exchange for the asset manager’s endorsement of a deal to raise £2.4 billion ($3.2 billion) of additional rescue debt.